FULL POWER

Inactive

KBO/BCE: BE 0674.924.317

FULL POWER was declared bankrupt on 21-11-2024 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 10-02-2026, published in the Belgian State Gazette on 16-02-2026.

Summary

Inactive; last annual accounts for fiscal year 2023.

Risk analysis Watch Report Compare

FULL POWERInactive

Risk analysis Report Compare

Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

Two or more financial years not filed

Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 6 filings

Position against the passed deadline

31-12-2024 close31-07-2025 deadline27-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-07-2024, 30 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

30 d early

2022

14 d early

2021

33 d early

2020

29 d early

2019

29 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 5 accounts on average 27 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

Total assets rose from EUR 57,178 in 2019 to EUR 113,214 in 2023 and headcount from 0.5 full-time equivalents in 2018 to 0.1 in 2021.¹ On 21 November 2024 FULL POWER was declared bankrupt; the bankruptcy was closed on 10 February 2026.²³

Financials · fiscal year 2023, micro schema

Equity

€17,387▼ 54.4%

2022 · €38,140

Total assets

€113,214▼ 51.1%

2022 · €231,407

Net result

€7,547▼ 78.6%

2022 · €35,305

Working capital

-€21,091

2022 · €64,847

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20192020202120222023

Operating result-€8,033▲ 79.0%€41,860€102,456▲ 145%€48,538▼ 52.6%€10,413▼ 78.5%

Net result-€8,033▲ 79.0%€41,713€86,388▲ 107%€35,305▼ 59.1%€7,547▼ 78.6%

Equity-€40,031▼ 25.1%€1,682€31,070▲ 1,747%€38,140▲ 22.8%€17,387▼ 54.4%

Total assets€57,178▲ 12,513%€143,336▲ 151%€247,659▲ 72.8%€231,407▼ 6.6%€113,214▼ 51.1%

Debt€97,209▲ 200%€141,654▲ 45.7%€216,589▲ 52.9%€193,267▼ 10.8%€95,827▼ 50.4%

Working capital-€94,622-€62,659▲ 33.8%-€26,985▲ 56.9%€64,847-€21,091

Staff (FTE)0.90.1▼ 88.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2023 is 79% below 2022.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €113,214

34.0%

66.0%

Fixed assets €38,478 ▼ 24.7%

Current assets €74,736 ▼ 58.5%

Equity and liabilities €113,214

15.4%

84.6%

Equity €17,387 ▼ 54.4%

Debt €95,827 ▼ 50.4%

Debt's share of the balance-sheet total rises from 83.5% to 84.6%. Equity and debt are lower.

Key figures and ratios

2023 value · change against 2022

EBITDA

€21,347▼

2022 · €59,470

Cash flow

€18,481▼

2022 · €46,237

Current ratio

0.78▼

2022 · 1.56

Quick ratio

0.75▼

2022 · 1.31

Debt to equity

5.51▲

2022 · 5.07

ROE

43.4%▼

2022 · 92.6%

ROA

6.7%▼

2022 · 15.3%

Interest coverage

140.30▼

2022 · 260.28

Debt ≤ 1 year

€95,827▼

2022 · €115,437

Income taxes

€2,752▼

2022 · €13,009

Staff costs

€231▲

2022 · -€822

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2023 against 2022 · 43 lines

Balance sheet Code20222023

Assets

Total assets20/58€231,407€113,214▼

Fixed assets21/28€51,123€38,478▼

Tangible fixed assets22/27€51,123€38,478▼

Plant, machinery and equipment23€51,123€38,478▼

Current assets29/58€180,284€74,736▼

Stocks and contracts in progress3€28,771€2,650▼

Stocks30/36€28,771€2,650▼

Amounts receivable within one year40/41€144,634€42,729▼

Trade receivables40€113,953€16,004▼

Other amounts receivable41€30,681€26,725▼

Cash at bank and in hand54/58€5,688€28,142▲

Deferred charges and accrued income490/1€1,191€1,215▲

Equity and liabilities

Total equity and liabilities10/49€231,407€113,214▼

Equity10/15€38,140€17,387▼

Contributions10/11€6,200€6,200=

Profit (loss) carried forward14€31,940€11,187▼

Amounts payable17/49€193,267€95,827▼

Amounts payable within one year42/48€115,437€95,827▼

Trade debts44€18,312€56,499▲

Suppliers440/4€18,312€56,499▲

Advances received on contracts in progress46€374-

Taxes, remuneration and social security45€18,941€7,176▼

Taxes450/3€18,941€7,176▼

Other amounts payable47/48€77,809€32,152▼

Accrued charges and deferred income492/3€77,830-

Income statement Code20222023

Remuneration, social security and pensions62-€822€231▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,932€10,935=

Other operating charges640/8€435€445▲

Non-recurring operating charges66A-€1,711

Gross operating margin9900€59,083€23,734▼

Operating profit (loss)9901€48,538€10,413▼

Financial income75/76B€5€38▲

Recurring financial income75€5€38▲

Financial charges65/66B€228€152▼

Recurring financial charges65€228€152▼

Profit (loss) for the period before taxes9903€48,314€10,299▼

Income taxes67/77€13,009€2,752▼

Profit (loss) for the period9904€35,305€7,547▼

Profit (loss) for the period to be appropriated9905€35,305€7,547▼

Appropriation of the result

Profit (loss) to be appropriated9906€60,175€39,487▼

Profit (loss) brought forward from the previous period14P€24,870€31,940▲

Profit to be distributed694/7€28,235€28,300▲

Return on contributions (dividend)694€28,235€28,300▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2019	2020	2021	2022	2023	Change
Remuneration, social security and pensions62	-	-	€9,966	-€822	€231	▲ 128%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€6,163	€8,916	€10,143	€10,932	€10,935	=
Other operating charges640/8	-	-	€260	€435	€445	▲ 2.3%
Non-recurring operating charges66A	-	-	-	-	€1,711	-
Gross operating margin9900	-€1,610	€97,331	€122,826	€59,083	€23,734	▼ 59.8%
Operating profit (loss)9901	-€8,033	€41,860	€102,456	€48,538	€10,413	▼ 78.5%
Financial income75/76B	-	-	€4	€5	€38	▲ 749%
Recurring financial income75	-	€33	€4	€5	€38	▲ 749%
Financial charges65/66B	-	-	€332	€228	€152	▼ 33.4%
Recurring financial charges65	-	€180	€332	€228	€152	▼ 33.4%
Profit (loss) for the period before taxes9903	-€8,033	€41,713	€102,128	€48,314	€10,299	▼ 78.7%
Income taxes67/77	-	-	€15,740	€13,009	€2,752	▼ 78.8%
Profit (loss) for the period9904	-€8,033	€41,713	€86,388	€35,305	€7,547	▼ 78.6%
Profit (loss) for the period to be appropriated9905	-€8,033	€41,713	€86,388	€35,305	€7,547	▼ 78.6%

Line	2019	2020	2021	2022	2023	Change
Assets
Total assets20/58	€57,178	€143,336	€247,659	€231,407	€113,214	▼ 51.1%
Fixed assets21/28	€54,591	€64,341	€58,055	€51,123	€38,478	▼ 24.7%
Tangible fixed assets22/27	€54,591	€64,341	€58,055	€51,123	€38,478	▼ 24.7%
Land and buildings22	-	-	€55	-	-	-
Plant, machinery and equipment23	-	-	€58,000	€51,123	€38,478	▼ 24.7%
Current assets29/58	€2,587	€78,995	€189,604	€180,284	€74,736	▼ 58.5%
Stocks and contracts in progress3	-	€30,465	€28,771	€28,771	€2,650	▼ 90.8%
Stocks30/36	-	-	€28,771	€28,771	€2,650	▼ 90.8%
Amounts receivable within one year40/41	€2,587	€47,414	€119,964	€144,634	€42,729	▼ 70.5%
Trade receivables40	-	-	€94,423	€113,953	€16,004	▼ 86.0%
Other amounts receivable41	-	-	€25,542	€30,681	€26,725	▼ 12.9%
Cash at bank and in hand54/58	-	€1,115	€39,810	€5,688	€28,142	▲ 395%
Deferred charges and accrued income490/1	-	-	€1,059	€1,191	€1,215	▲ 2.0%
Equity and liabilities
Total equity and liabilities10/49	€57,178	€143,336	€247,659	€231,407	€113,214	▼ 51.1%
Equity10/15	-€40,031	€1,682	€31,070	€38,140	€17,387	▼ 54.4%
Contributions10/11	€6,200	-	€6,200	€6,200	€6,200	=
Profit (loss) carried forward14	-€46,231	-€4,518	€24,870	€31,940	€11,187	▼ 65.0%
Amounts payable17/49	€97,209	€141,654	€216,589	€193,267	€95,827	▼ 50.4%
Amounts payable within one year42/48	€97,209	€141,654	€216,589	€115,437	€95,827	▼ 17.0%
Trade debts44	€1,119	€18,867	€70,618	€18,312	€56,499	▲ 209%
Suppliers440/4	-	-	€70,618	€18,312	€56,499	▲ 209%
Advances received on contracts in progress46	-	-	-	€374	-	-
Taxes, remuneration and social security45	-	-	€27,408	€18,941	€7,176	▼ 62.1%
Taxes450/3	-	-	€27,408	€18,941	€7,176	▼ 62.1%
Other amounts payable47/48	-	-	€118,563	€77,809	€32,152	▼ 58.7%
Accrued charges and deferred income492/3	-	-	-	€77,830	-	-

Line	2019	2020	2021	2022	2023	Change
Profit (loss) for the period9904	-€8,033	€41,713	€86,388	€35,305	€7,547	▼ 78.6%
+ Depreciation and write-downs630	€6,163	€8,916	€10,143	€10,932	€10,935	=
Operating cash flow (approximation)	-€1,870	€50,629	€96,531	€46,237	€18,481	▼ 60.0%
Investment in fixed assets (approximation)	-	-€18,666	-€3,857	-€4,000	€1,711	▲ 143%
Change in cash	-	-	€38,695	-€34,122	€22,454	▲ 166%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 10Signals 2Financial 2Filings 6

2026

16-02

Bankruptcy Bankruptcy closure (by liquidation)

Ondernemingsrechtbank Gent, afdeling Kortrijk · event 10-02-2026

2024

27-11

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · event 21-11-2024

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

17-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

28-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2018net €86,388 ▲107%

Operating result €102,456, net result €86,388, both a record.

02-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €41,713

Net result €41,713 after 2 loss-making years.

02-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

20-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 20 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	Yves PYNAERT KORTRIJKSE HEERWEG 80, 8540 DEER- LIJK	21-11-2024 → 10-02-2026